Wolfe Research lowered its Zscaler price target to $150. The firm previously set a target of $183. Wolfe maintained an Outperform rating following the Zenith Live 2026 conference. Analysts reported increased confidence in Zscaler’s AI strategy after surveying customers at the event.
Stifel maintained a Buy rating for the company. The firm kept its price target at $175. Zscaler launched the Zscaler AI Broker to protect autonomous agents. The company also introduced Endpoint AI Security at the event.
The differing analyst actions reflect a debate over Zscaler’s market valuation. The company continues to expand its zero trust portfolio within the evolving AI security landscape.